Money flowing into company and private pension plans in the Asia-Pacific region is expected to increase rapidly, creating new opportunities for fund managers.
The Asia-Pacific corporate and private pensions market had €1.1 trillion in assets under management in 2004, and Allianz Global Investors expects this to grow to €2.9 trillion by 2015 as pressure on pensions reforms in the region increases.
Australia’s pension market, which accounts for about 36% of the region’s second- and third-pillar AUM, is forecast to reach 50% of the total by 2015 as a result of a growing population, an increase in income and good stock market performance.
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